Refund vs rebate vs relief
sanjeev kumar (112 Points)
21 March 2016
WHAT IS REFUND,REBATE AND RELIEF?THEIR IMPLICATIONS
2 Replies
CMA Sivapriya
(-)
(238 Points)
Replied 21 March 2016
Refund means the tax already paid by the taxpayer will be returned to him/her.
Rebate refers to some reduction in total tax payable e.g rebate under section 87A
Relief is given to reduce the tax burden in order to avoid undue hardship to the taxpayer e.g relief in case of double taxation
sanjeev kumar
(112 Points)
Replied 21 March 2016
u didnt tell me the difference between relief and rebate....? Is the answer will remain same in case of IDT ALSO....
Recent Topics
- When a trade is considered Intra Day?
- Adjustment of Short Term Capital Gain/Loss pre and
- Changing mobile linked to epfo account
- Looking for a best event planner in kuwait
- Gst CESS CLAIM
- Gift Tax Exemption interpretation in case of Prope
- IMS how to compliance
- Tax benefit on Sale of property
- GST ITC CLAIM
- TDS on related party transaction eg loan
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
